STOP FOLLOWING BITCOIN WITH SENTIMENTS!

[kooboat]

It has become increasingly unpredictable to know what would happen on the crypto market at any point in time. It is good to hodl some bitcoins though but it is equally important to note that the price of bitcoin is largely depended on few individuals who have the power to manipulate the market. Most analysis that are made on bitcoin are just made with mere sentiments and nothing else. Cryptocurrencies has always been a suitable venture for smart people but if care is not taken you may end up being misled by so called experts on the crypto market. It is good to invest your funds in bitcoin but don't fully trust crypto analysts without doing your own background research by reading wide.

[1714597842]

1714597842

[1714597842]

1714597842

[1714597842]

1714597842

[1714597842]

1714597842

[X7]

This goes for any asset, manipulation via marketing and game theory is present in any market. People should always research the fundamentals and try to understand the thing they are investing in.

[traderethereum]

That's why we need to research before we invest. Most people don't research what it needs and they only follow what other people suggest. But suddenly, they are losing money because of their mistake. That can be prevented if we can analyze from the other people suggestion so we can decide what we need to do. Don't accept 100% from other people prediction and always research the current situations, so you don't make a mistake.

[avikz]

It has become increasingly unpredictable to know what would happen on the crypto market at any point in time. It is good to hodl some bitcoins though but it is equally important to note that the price of bitcoin is largely depended on few individuals who have the power to manipulate the market. Most analysis that are made on bitcoin are just made with mere sentiments and nothing else. Cryptocurrencies has always been a suitable venture for smart people but if care is not taken you may end up being misled by so called experts on the crypto market. It is good to invest your funds in bitcoin but don't fully trust crypto analysts without doing your own background research by reading wide.

This method applies for any investment asset and not just to bitcoin. Own research and listening to your own thought is very very important when it comes to any type of investment.

However,  I don't agree to that part of the statement where you have said "the price of bitcoin is largely depended on few individuals who have the power to manipulate the market." Definitely there are whales in the market who owns large amounts of bitcoins using which they can create fake demand or supply to manipulate the price. But are they really doing so??

I remember reading a chainanalysis blog post few months back where they have analyzed the bitcoin usage trend of the most wealthiest whales and proved that they are accumulating bitcoins in small quantities and not really manipulating the market. Read it from the below link,

https://blog.chainalysis.com/reports/bitcoin-whales-oct

I hope this research paper will clear some of your misconceptions about whales!

[BrewMaster]

* It is good to hodl some bitcoins
* the price of bitcoin is largely depended on few individuals who have the power to manipulate the market.

you do realize that these two statements that you made here are in exact contradiction to each other, right?
if you truly believe that bitcoin price largely depends on manipulators who according to you control the market then you should NOT buy bitcoin at all. you should always stay away from anything that is manipulated in that level.

of course what you are saying is pure nonsense because you are exaggerating the level of manipulation that bitcoin has, possibly because you have heard something somewhere which is now repeating it here.

[mk4]

Assuming you were referring to prices and the markets in general, then it's debatable. There's nothing wrong with following bitcoin itself, both the technical aspects and the markets, and watching the price movements. The problem arises when you start listening to these so called "market experts" or "market analysts" that make bold price predictions.

[dothebeats]

With the growing number of 'experts' on the playing field giving predictions and analysis to unknowing people and newbies (with some asking for subscription fees, lol), it really is alarming and worrying that some people are still diving head-first on waters they can't fathom how deep. Many are still just following the herd without prior research on what they are going to run into, resulting in disappointments and lost of funds that could have been used into something even more important. Bitcoin is an excellent investing, and with that comes excellent con-artists and deceivers who will loot unknowing beginners and newbies off of their money by selling predictions that won't really work.

[jakelyson]

Smart people will not rely on anyone to do the analysis of the current market for them.

So is with wise investors. If you are one who relies on others to do it for you, then you are in big trouble. Most of them who claimed experts on bitcoin and cryptocurrency and the market do these to bait others in doing what they want to happen. Then they could easily control the price and benefit from it.

[reda]

Smart people will not rely on anyone to do the analysis of the current market for them.

So is with wise investors. If you are one who relies on others to do it for you, then you are in big trouble. Most of them who claimed experts on bitcoin and cryptocurrency and the market do these to bait others in doing what they want to happen. Then they could easily control the price and benefit from it.

I will say smart people might converted their bitcoin to USDT in the time of peak and now they are enjoying with the funds. I knew few people was hodling bitcoin for long term since 2014 and made the good idea at the time of peak value.
Now they are enjoying and doing the world tour without any upset or problems.

May be next bull run i will do that and enjoy coming days.

[serjent05]

This goes for any asset, manipulation via marketing and game theory is present in any market. People should always research the fundamentals and try to understand the thing they are investing in.

True but the problem with some people is they know what to do, they know the truth and they are wise but, the moment they hear rumors they are easily carried away and they forget the right thing to do. Either they rejoice and are excited too quickly with an unverified news they heard or wail quickly as they hear unverified bad news. Funny but I think it is an instinct in every individual.

[ballerin and giroud]

I think 2018 was a reason for us to not have full trust in predictions who made by an expert. How many expert who says bitcoin will have a high price more than 2017? But the fact was not, the price bitcoin fall deeply and made a huge lost who felt by investor. And now, if there is someone who still believe to an expert says I don't think he will has a quietness in his life. Different with someone who made a research by his own self, I'm sure he will knows what should he do in this current situation and he will knows when he should hold or sell.

[Zadicar]

As an investor, you wont really able to avoid these kind of analysis came from other sources or even to popular people on the net specially into this crypto field.
If you are smart enough you can able to utilize those news or fundamentals to be part of your investment strategy.You can either apply or just simply ignore
depending on your own discretion.

[awawo]

Holding is good for long term investment and at that you just buy and hold for a certain period of time and decides to sell in future when the price have appreciated, bit if you are a passive trader in this current market which is full of manipulation you need to follow the trend of the market as it frequently being manipulated by the big players in the bitcoin market.

[jossiel]

This goes for any asset, manipulation via marketing and game theory is present in any market. People should always research the fundamentals and try to understand the thing they are investing in.

True, manipulation is happening in every market. And to those that have been leaning with crypto analysts and experts, I find it helpful and not sometimes. When I was new to the market, I used to believe those predictions made by the big names.

Some of them became popular because of the close call that they made. But most of them that predicted the market lately were too inaccurate to tell where the market is going. With regards to your funds, trust no one and play it on your own.

[xWolfx]

True, manipulation is happening in every market. And to those that have been leaning with crypto analysts and experts, I find it helpful and not sometimes. When I was new to the market, I used to believe those predictions made by the big names.

Some of them became popular because of the close call that they made. But most of them that predicted the market lately were too inaccurate to tell where the market is going. With regards to your funds, trust no one and play it on your own.

Truth. Finding someone trustable this days is not easy at all.

Especially when it involves money i imagine. Because scams happens everywhere, not only in the Crypto World. Everyone is and should be responsible for their funds, it's as simple as that. At least for now, that is practically the only way to go.

That or exchanges/online wallets that tend to get hacked pretty often. When if banks jump in, it will be interesting to see what the people do.

[pixie85]

I remember reading a chainanalysis blog post few months back where they have analyzed the bitcoin usage trend of the most wealthiest whales and proved that they are accumulating bitcoins in small quantities and not really manipulating the market. Read it from the below link,

I agree. The market that we are watching on the charts is manipulated but most whales trade OTC. If the news are true only a very little coins is traded on the exchanges and it's always the same coins bought and sold over and over. One thing that influences the charts is the miners selling because most of them do it on exchanges. The other is people who bought years ago and got tired of waiting or have things to buy. Rich people are buying.

[1Referee]

I think 2018 was a reason for us to not have full trust in predictions who made by an expert. How many expert who says bitcoin will have a high price more than 2017? But the fact was not, the price bitcoin fall deeply and made a huge lost who felt by investor. And now, if there is someone who still believe to an expert says I don't think he will has a quietness in his life. Different with someone who made a research by his own self, I'm sure he will knows what should he do in this current situation and he will knows when he should hold or sell.

Most of these so called experts follow the improved fundamentals, link it to what happened in 2017 and based on that assume that the price should be higher, or at least just as high as the 2017 peak. Tom Lee is the perfect example of how someone who totally rekt himself by making stupid predictions and market analysis.

Following the trend is super important. I get it that people preferred to wait in 2018 before selling, just to see whether or not it bounces back up, but there were so many signals that pointed at a bear market, that you should have sold somewhere above the $10,000 level. I personally didn't take any profits between $6000-$7000 but that's because I had too much faith in the strong support around $6000, which is my fault.

People seem to dislike TA, but it has been a solid guide so far. I should have taken it more serious sooner.

[Aikidoka]

Bitcoin shouldn't be followed by sentiment. Some people here in this community trust bitcoin and they know that this is just the beginning of this technology, so they still believe in bitcoin and invest in it, like I do, and there are other people who afraid when they see this huge volatility of price in the market, so mostly they quite the crypto world because they find it so risky. Everyone is free to quite or to be a strong believe in the crypto, more especially bitcoin. Personally, I get a huge profit from bitcoin and I know how the market goes and I'm still in profit even when bitcoin decrease to 2k$.

[CaVO32]

This goes for any asset, manipulation via marketing and game theory is present in any market. People should always research the fundamentals and try to understand the thing they are investing in.

this is where most people failed to do - the basic things that will aid them in understanding the market. people are lazy to do their own research, so they just rely from someone else's predictions. this should not be the case. since it is your money at risk, you should be the only one responsible on how you decide on things. those speculations and predictions are your guide but you should not be reliant on those things.

[Oceat]

I believe there are some groups out there who do make these misleading news that most newbies would probably believe them. But once we do our own research and understand the fundamentals. We will make our own statements based on the fundamental analysis that we've been researching. But never follow a sentiments.